10 Things to Know About Home Warranties When Selling a House
1 min readA home warranty offers sellers and homebuyers peace of mind that appliances and mechanical systems will remain in working order until the homebuyer takes possession.
Most real estate agreements require that a house is in the same condition as when the buyer viewed it when they take possession, so if an appliance or mechanical system breaks down after you’ve signed a purchase agreement, you’ll have to repair or replace it. A home warranty, sometimes referred to as home repair insurance, can help you safeguard against that unexpected expense.
With a policy in place, instead of panicking, you can simply call your provider. Plus, home warranties can be used as marketing incentives to attract buyers and provide a little extra peace of mind.
We’ve consulted Cindi Blackwood, a top real estate agent who works with over 65% more single-family homes than the average agent in Little Rock, Arkansas, to bring you 10 key insights sellers should know about home warranties. Let’s get started.